Guideline Value for BALAMURUGAN NAGAR

Balamurugan Nagar guideline value

The current guideline value of Balamurugan Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam village, under the Ponneri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Balamurugan Nagar has changed

According to the guideline value register, there are no figures available for Balamurugan Nagar from the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also recorded a guideline value of Rs 600 per sq.ft, which remained unchanged in the 2024 revision.

Thus, from the 2023 revision to the 2024 revision, there was a change of +0%. The current guideline value of Rs 600 per sq.ft reflects the latest update effective from 1 July 2024.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft, with a median value of Rs 501 per sq.ft. Balamurugan Nagar's guideline value of Rs 600 per sq.ft is above this median.

• Balaji Nagar: Rs 600 per sq.ft (2024)
• Bharath Nagar: Rs 501 per sq.ft (2024)
• Arumuga Mudhaliyar Nagar: Rs 500 per sq.ft (2024)
• Arumuga Mudaliar Nagar: Rs 500 per sq.ft (2024)
• Annamalai Nagar: Rs 600 per sq.ft (2024)
• Dasaradan Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Balamurugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Balamurugan Nagar?

The Sub Registrar Office that covers Balamurugan Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thadaperumbakkam

The guideline value is a crucial factor in the registration of property transactions in Thadaperumbakkam. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value ensures that the transaction is documented at a value that reflects the official rates set by the government. This helps in maintaining transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Balamurugan Nagar?

The current guideline value of Balamurugan Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for Balamurugan Nagar from the years 2002, 2003, 2007, 2012, and 2017. The guideline value remained Rs 600 per sq.ft from 2023 to 2024.

What is the land classification for Balamurugan Nagar?

Balamurugan Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Balamurugan Nagar?

The Ponneri Sub Registrar Office covers Balamurugan Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Balamurugan Nagar?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. For instance, for a 1,000 sq.ft plot at Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000.